Virtual Cash Account (VCA)
A virtual cash account or more commanly referred to as virtual balance is an instrument that stores the monetary value of a specific currency under a Wallet. It behaves like a simplified bank account but doesn’t offer IBANs or direct cash withdrawal.
Currently we support 2 type of VCAs:
- Primary - Used to move money in and out of your wallet (e.g. receiving payouts, sending money to someone or paying at a store).
- Saving - Used to set money aside for special occasions.
You can open 1 primary balance per currency and an unlimited number of saving balances.
Opening a balance
You can easily open new balances from the overview section in your wallet dashboard, or by using the Wallet Balances API.
Open Balance
Navigate to Wallets > Overview and click the +
button to open a new balance
Confirm Details
Enter a title, select the type and currency for your new balance.
All Done ✅
Once you’ve been redirected to your new balance, you’re ready to start moving money in your new currency.
Funding your balance
To add funds to your balance you can utilize one of the following methods: